senate Bill S3990A

2011-2012 Legislative Session

Authorizes Walter M. Callahan, a retiree of the New York state and local employees' retirement system to transfer his membership to the New York state teachers' retirement system

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 09, 2012 print number 3990a
amend and recommit to civil service and pensions
Jan 04, 2012 referred to civil service and pensions
Mar 11, 2011 referred to civil service and pensions

Bill Amendments

Original
A (Active)
Original
A (Active)

S3990 - Details

See Assembly Version of this Bill:
A6568A
Current Committee:
Law Section:
Retirement
Versions Introduced in 2009-2010 Legislative Session:
S4735

S3990 - Summary

Authorizes Walter M. Callahan, a retiree of the New York state and local employees' retirement system receiving retirement benefits, to transfer his membership to the New York state teachers' retirement system based upon subsequent employment as a business administrator by a school district.

S3990 - Sponsor Memo

S3990 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3990

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 11, 2011
                               ___________

Introduced  by  Sen.  LARKIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions

AN ACT to authorize Walter M. Callahan,  a  retiree  receiving  benefits
  from  the  New  York  state and local employees' retirement system, to
  retroactively terminate his retirement and transfer his membership  in
  such retirement to the New York state teachers' retirement system

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Notwithstanding any  provision  of  law  to  the  contrary,
Walter  M.  Callahan,  a  retired member of the New York state and local
employees' retirement system who has been receiving enhanced  retirement
benefits  pursuant to the retirement incentive enacted pursuant to chap-
ter 86 of the laws of 2000 since his retirement on November 4, 2000, who
on August 30, 2006 was appointed as a business administrator employed by
a school district, and who upon  assuming  such  business  administrator
position  became  a  member  of  the New York state teachers' retirement
system, shall be entitled to elect to be deemed  retroactively  to  have
transferred  his  membership  in the New York state and local employees'
retirement system to the New  York  state  teachers'  retirement  system
pursuant  to  section 43 of the retirement and social security law as of
November 3, 2000, provided that upon retirement from the New York  state
teachers'  retirement  system,  his  retirement  allowance  shall be (a)
recalculated taking into account the forfeiture of his enhanced  retire-
ment  benefits  by  reason  of  his return to public service pursuant to
section 11 of chapter 41 of the laws of 1997, and  (b)  reduced  by  the
actuarial  equivalent  of  the retirement benefits received by Walter M.
Callahan prior to his election pursuant to this  section;  and  further,
provided,  that  Walter  M.  Callahan  shall not be required to make any
employee contribution to the New York state teachers' retirement  system
and upon retirement from the New York state teachers' retirement system,
his  retirement allowance shall be increased by the actuarial equivalent
of the employee contributions he has made to the New York  state  teach-
ers' retirement system between August 30, 2006 and his election pursuant
to  this  section. In order to effect such retroactive transfer pursuant

S3990A (ACTIVE) - Details

See Assembly Version of this Bill:
A6568A
Current Committee:
Law Section:
Retirement
Versions Introduced in 2009-2010 Legislative Session:
S4735

S3990A (ACTIVE) - Summary

Authorizes Walter M. Callahan, a retiree of the New York state and local employees' retirement system receiving retirement benefits, to transfer his membership to the New York state teachers' retirement system based upon subsequent employment as a business administrator by a school district.

S3990A (ACTIVE) - Sponsor Memo

S3990A (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 3990--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 11, 2011
                               ___________

Introduced  by  Sen.  LARKIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Civil Service and Pensions
  -- recommitted to the Committee  on  Civil  Service  and  Pensions  in
  accordance  with  Senate  Rule 6, sec. 8 -- committee discharged, bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT  to  authorize  Walter M. Callahan, a retiree receiving benefits
  from the New York state and local  employees'  retirement  system,  to
  retroactively  terminate his retirement and transfer his membership in
  such retirement to the New York state teachers' retirement system

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Notwithstanding  any  provision  of  law to the contrary,
Walter M. Callahan, a retired member of the New  York  state  and  local
employees'  retirement system who has been receiving enhanced retirement
benefits pursuant to the retirement incentive enacted pursuant to  chap-
ter 86 of the laws of 2000 since his retirement on November 4, 2000, who
on August 30, 2006 was appointed as a business administrator employed by
a  school  district,  and  who upon assuming such business administrator
position became a member of the  New  York  state  teachers'  retirement
system,  shall  be  entitled to elect to be deemed retroactively to have
transferred his membership in the New York state  and  local  employees'
retirement  system  to  the  New  York state teachers' retirement system
pursuant to section 43 of the retirement and social security law  as  of
November  3, 2000, provided that upon retirement from the New York state
teachers' retirement system,  his  retirement  allowance  shall  be  (a)
recalculated  taking into account the forfeiture of his enhanced retire-
ment benefits by reason of his return  to  public  service  pursuant  to
section  11  of  chapter  41 of the laws of 1997, and (b) reduced by the
actuarial equivalent of the retirement benefits received  by  Walter  M.
Callahan  prior  to  his election pursuant to this section; and further,

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02901-07-2

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